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  Bloomberg Australia just found out the price of blocking foreign investment. The New South Wales state government announced it had sold a 50.4 percent stake in power network Ausgrid to two local funds in a deal valuing the entire company, including debt, at about A$20.8 billion ($16 billion). Two months earlier, the federal government barred New South Wales from ...

  Bloomberg  After a decade of unrivaled expansion, Australia’s largest gas-pipeline owner is facing growing pains. Complaints from industrial gas users, frustrated by supply shortages and hefty price spikes following the start of Queensland’s liquefied natural gas export plants, sparked a regulatory review last year aimed at boosting competition in the eastern seaboard market. APA Group Ltd. is now looming ...

  Bloomberg European Parliament President Martin Schulz said he’s optimistic he can salvage a trade deal between Europe and Canada after talks broke down on Friday amid opposition from the Belgian region of Wallonia. Schulz met Canada’s International Trade Minister Chrystia Freeland in Brussels on Saturday and had separate talks with Wallonia’s Minister-President Paul Magnette. Negotiations to rescue the Comprehensive ...

  Bloomberg General Electric Co. may not grow this year as low oil prices, a strong dollar and a sluggish economy crimp demand for oilfield equipment and locomotive parts, a setback for Chief Executive Officer Jeffrey Immelt as he pursues a sharpened focus on manufacturing. The stock fell after GE cut its outlook for organic sales growth, projecting the figure ...

  Dubai / WAM A Memorandum of Understanding (MoU) was signed to promote awareness about the UAE’s national heritage, particularly amongst visitors, both domestic and international, between Hamdan Bin Mohammed Heritage Centre and Dubai Airports, on Thursday. The memorandum demonstrates the enthusiasm between both parties to collaborate and co-ordinate their efforts in achieving their vision to preserve and promote the intangible ...

  Sharjah / Emirates Business Sharjah made a bold statement of its intention to lead the Emirate into a bright digital future with the launch of an array of e-government applications and digital services at the conclusion of GITEX Technology Week. Thirty-five government agencies and departments participating under the umbrella of the emirate’s unified pavilion used all 5 days of ...

  Abu Dhabi / Emirates Business Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, has announced that it has registered and licensed close to 160 companies from a broad range of industries and sectors in its first year of operations. This achievement sets another new milestone in ADGM delivering on its ambition to support Abu Dhabi’s ...

  DUBAI / Emirates Business LinkedIn, the world’s largest professional network celebrated the success of leading companies in MENA region in the talent acquisition and employer branding space by hosting the ‘LinkedIn Talent Awards’. Held for the second consecutive year, the awards recognized and acknowledged LinkedIn’s top customers in MENA for the great work and results they’ve been seeing during ...

  Las Vegas / AFP Turning his final presidential debate appearance into an unprecedented assault on US political convention, Donald Trump refused to say that he would respect a Hillary Clinton victory in November. As the last head-to-head encounter of the toxic 2016 campaign descended into mud-slinging, the Republican mogul doubled down on claims that his Democratic rival’s supporters plan to ...

  Aleppo / AFP A “humanitarian pause” began on Thursday in the Syrian army’s Russian-backed assault on rebel-held areas of Aleppo but clashes continued and there were no signs residents were heeding calls to leave. The unilateral ceasefire took effect at 8:00 am 0500 GMT) and was to last at least 11 hours, with the aim of allowing civilians and fighters ...